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Podcast: In Focus by The Hindu
Episode: What is Kerala's fiscal autonomy suit all about?
Description: Is it okay for the Union government to impose limits on how much a State government can borrow? Or does a state government have an “enforceable right” to decide its own borrowing limits? This question, raised by the Kerala government, has been referred to a Constitution Bench by the Supreme Court.The key constitutional question that the Supreme Court wants a five-judge bench to decide is: whether ‘fiscal decentralistion’ is an integral aspect of Indian federalism, and if so, are Central regulations fixing borrowing limits on States a violation of the principle of federalism.In its suit...